I love being breathlessly excited for the budget version of a flagship phone having critical decades-old features like an audio jack:
9to5google.com/2020/03/07/goo
Now, if we can only convince Google that "budget" phone also means "usable battery life because it's cm thicker"...
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If it's waterproof, has a fingerprint reader and a decent camera then I'll buy it
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I think waterproofing is cheap but getting the IP rating would add a significant amount to the cost. I don't think they'll bother doing a good job if they aren't going for the IP rating. It also makes repairs more difficult and expensive since everything has to be glued together.